Q1096
On 31st December 2004, the assets and liabilities of a firm were Rs. 40,000 and Rs. 30,000 respectively. The firm was dissolved and a sum of 60 paisa per rupee was paid to the creditors. Profit/loss on realisation-
A.
Rs. 10,000
B.
Rs. 12,000
AnswerC.
Rs. 18,000
D.
Rs. 22,000
Answer: Option B
Solution
Answer: Option B
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